Overview
What is Foundation For Research?
The Foundation For Research is a nonprofit organization situated in Carson City, Nevada. It serves as a supporting entity to the Clayton Foundation for Research, providing financial assistance for its general operations. The primary mission of the Foundation For Research is to promote medical and scientific research, aiming to uncover the causes, prevent, and cure various diseases for the betterment of humanity. In essence, it funds research projects that could potentially lead to groundbreaking advancements in healthcare. With a team of four dedicated individuals, the Foundation For Research plays a crucial role in the scientific community by transferring research discoveries from labs to the public sphere, fostering the development of innovative drugs and products that can benefit mankind.
Is Foundation For Research legitimate?
Foundation For Research is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Research submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $819,023
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Foundation For Research?
The Foundation for Research, serving as a supporting organization to the Clayton Foundation for Research, is primarily focused on funding medical research with the objective of uncovering the causes, preventing, and curing diseases for the betterment of humanity. Its secondary mission involves transferring the outcomes of this research from the laboratory to the general public. This is achieved by patenting and licensing the discoveries to Clayton's other supporting entities, facilitating the development of these discoveries into drugs or other beneficial products.
Who is the CEO of Foundation For Research?
Robert M Wallace is the Trustee, President of Foundation For Research.
What is the revenue of Foundation For Research?
Foundation For Research's revenue in 2022 was $6,169,277.
Who are the executives of Foundation For Research and what are their salaries?
The average compensation at Foundation For Research during 2022 was $204,756. There are 4 employees at Foundation For Research.
Here are 9 key members and their salaries:
- Compensation: $190,950
- Related: $432,012
- Other: $93,530
- Compensation: $157,752
- Related: $465,210
- Other: $93,530
- Compensation: $91,375
- Related: $531,587
- Other: $93,530
- Compensation: $91,375
- Related: $232,855
- Other: $48,520
- Compensation: $91,375
- Related: $232,855
- Other: $48,520
- Compensation: $23,581
- Related: $213,155
- Other: $84,230
- Compensation: $0
- Related: $198,267
- Other: $78,460
- Compensation: $106,740
- Related: $0
- Other: $38,554
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Foundation For Research?
Foundation For Research's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation For Research
The Foundation for Research, as a charitable non-profit organization, is committed to supporting medical and scientific research. Its primary mission is to serve as a supporting body for the Clayton Foundation for Research (Clayton). In this capacity, the Foundation for Research aims to fund medical research with the ultimate goal of discovering the causes, preventing, and curing various diseases for the betterment of humanity.
Beyond its primary mission, the Foundation for Research also has a secondary objective. It seeks to transfer the medical research discoveries that emerge from the laboratory to the general public. This is accomplished by patenting and licensing these discoveries to Clayton's other supporting entities. The purpose of this process is to develop these discoveries into drugs or other beneficial products that can be utilized by the wider population.
In essence, the Foundation for Research is an instrumental player in the pursuit of medical advancements, working diligently to fund research, patent and license discoveries, and facilitate their transition to the public domain. Its ultimate goal is to contribute to the prevention, cure, and understanding of diseases, ultimately improving the quality of life for mankind.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Foundation For Research significantly impacts the landscape of medical research by funding vital initiatives aimed at discovering the causes, prevention, and cures for diseases. Working closely with the Clayton Foundation for Research, it allocates resources that enable cutting-edge research in collaboration with hospitals, directly contributing to advancements in healthcare.
Its efforts extend beyond funding; the organization focuses on translating research discoveries into tangible benefits for the public. By patenting and licensing innovative medical technologies, Foundation For Research facilitates the development of new drugs and treatments, ensuring that the breakthroughs achieved in laboratories are accessible to the wider community. This commitment not only enhances the understanding of various diseases but also promotes the practical application of research findings for the greater good. The foundation thus plays a crucial role in driving progress in medical science, ultimately aiming to improve health outcomes for people worldwide.
This information is meant to be a general summary of Foundation For Research. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,169,277
- Gross Receipts: $14,900,164
Assets and Liabilities:
- Total Assets: $139,501,706
- Total Liabilities: $122,048
- Net Assets: $139,379,658
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1989
Phone
(775) 329-3111Principal Officer
Robert M Wallace
Main Address
402 North Division St, Carson City, NV, 89703
NTEE Category
Code: H120 - Medical research
If you are a representative of Foundation For Research and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.